Congratulations—you have enough money to start investing in fellow startups. What to know to become a supportive— and successful—angel investor.
ISlide founder Justin Kittredge wasn't really planning to start investing in other startups. But when another footwear company approached him about an acquisition last year, he began to think about how he could spend his money on fellow entrepreneurs.
“Very quickly, I could see a few things to turn that business around,” says Kittredge, whose company makes custom slide sandals for pro sports teams and leagues. ISlide didn’t end up buying its suitor, but the talks got Kittredge ready to become an angel investor. Now, he’s looking to personally invest in three businesses in the next 12 to 18 months. “It’s a domino effect, something I want to do more and more,” he says.
That may sound familiar, especially if your company is stable and profitable. “Making the shift from founder to an investor is a natural part of the startup ecosystem,” says Guy Penn, a principal at investment manager St. Louis Private Advisors. “It’s a way for success to breed more success.”
この記事は Inc. の June 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Inc. の June 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Karen Dillon Congratulations on Your Company's Big Success. So Now, Let Me Ask- Are You Happy? - Happiness is actually contagious. The Framingham Heart Study-the longest ongoing study of heart health in the world, which has tracked aspects of participants' lives for more than 75 years-found that being in the presence of someone who is happy is likely to spur happiness in yourself.
For Jeremy Kasler, founder and CEO of CaskX, the pandemic offered an unexpected opportunity to reset his life. Having sold his previous company, Hong Kong-based Art Futures Group, which paired midcareer artists with investors, the native Brit planned to spend some time reconnecting with family in Australia as he got his new startup off the ground. The new business, which helps individual investors purchase barrels (or casks) of bourbon and Scotch from distilleries in the U.S. and Scotland, was still in its early days when Kasler arrived in Sydney just a day before the country went into lockdown. I kind of got stuck there, he recalls. But in hindsight, it was one of the best things that could have happened to him-and his new company.
AI Is in Its Awkward Era - Companies on this year's Inc. 5000 detail their growing pains, as investors expand their understanding of AI beyond chatbots and generative art.
For AI entrepreneurs, the enthusiasm is doubleedged. Interest in their tools has never been greater, as nearly half of the Inc. 5000 honorees who took our CEO Survey (see page 49) cite the use of at least one AI service. OpenAI was the top provider. But genAI hype has also led to misconceptions about what these tools actually do. As AI zips to the top of investors' portfolios, founders say the biggest factor limiting their growth isn't fundraising; it's overcoming a towering knowledge gap.
Meet the Inc. 5000- Moving the Goalposts - Religion of Sports believes it has the strategy for docuseries success in a suddenly cost-conscious Hollywood.
Religion of Sports believes it has the strategy for docuseries success in a suddenly cost-conscious Hollywood. When it comes to understanding athletes, Gotham Chopra has learned some lessons: Losses are more interesting than victories, the old guard has more enlightening things to say than up-and-coming phenoms, and success doesn't typically happen overnight. It was Serena Williams who served that last point to him after he rallied for seven years to try to get her to do a documentary with his production company, Religion of Sports. "Boy, you're persistent," he remembers she said to him.
Chip Conley Human wisdom is more valuable than ever. But true wisdom requires these six skills- When management theorist Peter Drucker coined the term knowledge workers in 1959, most people had no idea what he was talking about.
When management theorist Peter Drucker coined the term knowledge workers in 1959, most people had no idea what he was talking about. Since then, knowledge workers have come to rule the world. Today, seven of the world's 10 most valuable companies are tech companies, the ultimate workplace for knowledge workers.
Managing the Future of Work Isn't an Easy Job
Hirings and firings, layoffs and resignations. The workforce is experiencing never-ending upheaval, and HR professionals are pivoting fast.
Power Players
The future of energy is greenand smells like oil. Whatever the political fights, our demand for juice is rising fast, and Inc. 5000 companies are ready to meet it.
"WE HAD 10 EMPLOYEES, AND 25 LAWSUITS"
Hoan Ton-That, the controversial co-founder and CEO of Clearview Al, is confident that past scrutiny won't stop his company from netting $2 billion a year in revenue.
Marketers Hope the Odds Are Ever in Their Favor
Against industry headwinds, the country's fastest-growing advertising and marketing companies are nimble, specific, and good at what they do.
How I Used AI to Solve a Pharmaceutical Puzzle
Yoona Kim, 44, wanted to help people access health care.
My Brand's Facials Are Great. Our Real Estate Strategy Is Even Better
There is no shortage of competition in the $144 billion skin care industry.